ETRACS Linked to the Wells Fargo Business Development Company Index ETN (NYSEARCA:BDCS) Share Price Crosses Above 200-Day Moving Average of $0.00

Shares of ETRACS Linked to the Wells Fargo Business Development Company Index ETN (NYSEARCA:BDCS) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $19.62. ETRACS Linked to the Wells Fargo Business Development Company Index ETN shares last traded at $19.62, with a volume of 334 shares changing hands.

The stock’s 50 day moving average is $19.83.

An institutional investor recently raised its position in ETRACS Linked to the Wells Fargo Business Development Company Index ETN stock. Rockland Trust Co. raised its holdings in ETRACS Linked to the Wells Fargo Business Development Company Index ETN (NYSEARCA:BDCS) by 19.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,657 shares of the exchange traded fund’s stock after acquiring an additional 5,973 shares during the quarter. Rockland Trust Co. owned about 0.81% of ETRACS Linked to the Wells Fargo Business Development Company Index ETN worth $730,000 as of its most recent SEC filing.

Read More: What causes a recession?

Receive News & Ratings for ETRACS Linked to the Wells Fargo Business Development Company Index ETN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ETRACS Linked to the Wells Fargo Business Development Company Index ETN and related companies with MarketBeat.com's FREE daily email newsletter.